2023-04-25 05:25:00 ET
One big takeaway that I have learned throughout my investing career is that looks can be deceiving. Sometimes, the companies that we overlook or write off as boring are anything but boring.
The auto and industrial parts retailer named Genuine Parts (NYSE: GPC) is the perfect example. With 67 consecutive years of dividend growth to its credit, the company comfortably meets the 50-year requirement to be a Dividend King . You would think that a business with such a reputation would be stodgy. But based on Genuine Parts' recent earnings results, this assumption couldn't be any further from the truth. Let's peek under the company's hood to see what I mean.
Since its founding 95 years ago, Genuine Parts has grown to more than 10,500 locations (i.e., stores, warehouses, and distribution centers) in 17 North American, European, and Australasian countries. The company's massive size allows it to offer an extensive selection of parts to customers (more than 725,000 sold via the NAPA brand). Yet, Genuine Parts hasn't forgotten its roots, priding itself on quality customer service as well.
For further details see:
Should Passive Income Investors Buy This Dividend King After a Record Quarter?